Core Viewpoint - A significant institutional reform aimed at establishing a "national unified electricity market system" is profoundly reshaping China's electricity industry landscape [2][4]. Summary by Sections National Unified Market Framework - The National Development and Reform Commission and the National Energy Administration have jointly issued the "Basic Rules for Electricity Market Measurement and Settlement," marking a historical transition from regional exploration to a nationally unified operational framework [2]. - The establishment of a "1+6" basic rule system for the electricity market has been completed, providing a strong institutional support for the orderly operation of the national unified electricity market [2][6]. Strategic Importance - The construction of a unified electricity market is a key practice in the broader strategy of building a national unified market, which has been emphasized in recent central government documents [4][5]. - The unified market framework is essential for breaking down barriers, facilitating circulation, and optimizing resource allocation, which are critical for energy security and high-quality development [5]. Historical Context and Development - Since the initiation of the new round of electricity system reform in 2015, the electricity market was fragmented, with varying provincial rules hindering efficient cross-regional transactions [5]. - The establishment of a unified electricity market rule system serves as a "common language" and "fair measure" to eliminate these barriers [5]. Rule System Construction - The "1+6" basic rule system includes the "Basic Rules for Electricity Market Operation," which serves as the foundation for the entire system, ensuring its effective and standardized operation [9]. - Key components of the rule system include long-term trading rules, spot market rules, and auxiliary service market rules, which collectively enhance market vitality and resource allocation [9][10]. Market Performance and Growth - In the first half of 2025, the cumulative market trading volume reached 2.95 trillion kilowatt-hours, a year-on-year increase of 4.8%, with significant growth in cross-regional trading and green electricity transactions [13][14]. - The number of market participants has increased to 816,000 by the end of 2024, reflecting a diverse and expanding market landscape [16]. Future Outlook - The comprehensive implementation of the "1+6" basic rule system is expected to facilitate efficient resource allocation across the national electricity market, supporting the transition to a green and low-carbon energy structure [16].

Group 1: Economic Measures and Funding - The National Development and Reform Commission (NDRC) will allocate the fourth batch of 69 billion yuan for the old-for-new consumption subsidy program in October, completing the annual target of 300 billion yuan [1] - The NDRC has fully disbursed the 69 billion yuan for the third batch of subsidies this year [1] - The NDRC has announced that the "two重" construction project list of 800 billion yuan has been fully allocated, with 735 billion yuan of central budget investment also nearly disbursed [6][7] Group 2: Artificial Intelligence and Market Development - The NDRC highlighted that there is a strong demand for the application of artificial intelligence, indicating a critical window for its implementation [2] - The NDRC is working on a plan to deepen the construction of a unified national market, with inter-provincial trade sales accounting for 40.4% of total sales revenue from January to April, an increase of 0.6 percentage points year-on-year [4] Group 3: Employment and Economic Stability - The NDRC reported that domestic demand contributed 68.8% to GDP growth in the first half of the year, showcasing strong economic resilience [3] - The NDRC plans to continue implementing measures to stabilize employment and the economy, enhancing policy continuity and flexibility [3] Group 4: Market Regulation and Competition - The NDRC will address disordered competition among enterprises and promote the cleaning up of market access barriers [5][10] - The NDRC aims to unify government behavior regarding investment attraction, clarifying encouraged and prohibited actions [10] Group 5: Consumer Spending and Service Sector - The NDRC will focus on enhancing consumer capacity and promoting service consumption in areas such as culture, tourism, sports, and healthcare [9] - The NDRC plans to implement measures to stimulate consumption, including promoting domestic products and improving consumption infrastructure [9] Group 6: Private Sector Participation - The NDRC will facilitate greater participation of private enterprises in national major projects, particularly in the nuclear power sector [11] - The NDRC is set to establish new policy financial tools to support private investment [11] Group 7: Energy Market Reforms - The NDRC is advancing the construction of a unified national electricity market, with significant progress made in optimizing electricity resource allocation [13][14] - The NDRC has established a basic unified technical rule system for the electricity market, with 25 provinces already conducting spot trading [14]

Core Viewpoint - The establishment of a nationwide unified electricity market is a key task for deepening electricity system reform and an important support for building a new type of electricity system [1] Group 1: Achievements in Electricity Market Construction - Significant progress has been made in the construction of the nationwide unified electricity market system this year, with breakthroughs in market mechanisms for optimizing electricity resource allocation [1] - The State Grid and Southern Grid have established a normalized trading mechanism across grid operating areas, achieving soft connectivity for interconnected electricity trading [1] - The electricity spot market is about to achieve near-complete coverage, which helps in real-time reflection and adjustment of supply and demand [1] Group 2: Current Market Operations - Currently, 25 provincial markets across the country have initiated spot trading, with 6 provinces having officially commenced operations [1] - A unified technical rule system for the electricity market has been basically established, forming a "1+6" rule system based on basic operational rules, with mid-to-long-term spot trading rules as the main framework [1] Group 3: Future Developments - The National Development and Reform Commission will continue to enrich and improve the nationwide unified electricity market system based on market development, further unify rules, eliminate barriers, expand functions, and increase scale [1] - These efforts aim to provide stronger support for energy security, low-carbon transition, and economic growth [1]

据经济日报消息，国家发展改革委和国家能源局近日发布方案，宣布今年将实现跨电网经营区交易常态 化开市，推动建设全国统一电力市场体系。新机制在国家电网和南方电网之间建立"网上电力商城"，促 进电力资源在全国范围内自由流动。通过电力交易中心的精准供需匹配，绿色电力消纳将更加便捷，东 部企业可市场化购买西部风电和光伏电。首次跨区绿电交易已完成，实现新疆与广东间的电力供需互 济，提高电力保供能力。 ...

Core Viewpoint - The establishment of a nationwide unified electricity market system is a crucial task for deepening electricity system reform and building a unified national market [1] Group 1 - The National Development and Reform Commission and the National Energy Administration have issued a response regarding the normalization of electricity trading mechanisms across grid operation areas [1] - This year, the goal is to achieve the normalization of cross-grid trading, which accelerates the preliminary establishment of a nationwide unified electricity market system [1]

Core Viewpoint - The report emphasizes the acceleration of new energy storage and virtual power plants, which inject new momentum into the construction of a new power system in China [1]. Group 1: Impact of Power Market Reform on Energy Storage - The report outlines the structural changes in the profitability model of energy storage projects as the national unified power market system is gradually established by 2025 [1]. - It discusses the role and value of electrochemical energy storage in power trading, highlighting its importance in the evolving market [4]. Group 2: Digital Technology Empowering Electrochemical Energy Storage - The integration of AI and big data in energy storage applications is explored, showcasing how these technologies can enhance operational efficiency [4]. - Predictive maintenance and digital twins are identified as key components in optimizing energy storage systems [4]. Group 3: Analysis of Commercial Models for Energy Storage - The report analyzes various revenue models for independent energy storage stations, including spot market arbitrage and auxiliary services [4]. - It discusses the collaborative model of solar and storage integration, as well as the commercial storage and virtual power plant (VPP) model [4]. Group 4: Development and Breakthroughs in Intelligent Energy Storage Technology - The report highlights advancements in safety through intelligent technology applications in energy storage [5]. - It examines the transformation of energy storage batteries and the development of intelligent networked energy storage systems [5]. Group 5: Diverse Applications of Intelligent Energy Storage - An analysis of the 2025 energy storage industry registration and grid connection projects is included, providing insights into operational practices [5]. - The report discusses integrated projects involving source, grid, load, and storage, as well as benchmark projects in commercial energy storage [5]. Group 6: Price Analysis of Energy Storage Products - The report includes a detailed analysis of prices for EPC and energy storage systems, energy storage cells, and energy storage PCS [6]. Group 7: Trends and Recommendations for Energy Storage in the New Power Market - Forecasts for the energy storage market scale and commercial energy storage installation capacity from 2025 to 2030 are provided [6]. - Strategic layout directions for enterprises in the energy storage sector are discussed [6]. Group 8: Progress and Model Analysis of the Energy Storage Supply Chain - The report presents a diagram of the intelligent energy storage industry chain and analyzes key enterprises in the sector [6].

《方案》显示，国家电网、南方电网跨经营区交易将由北京电力交易中心、广州电力交易中心、国家电 力调度控制中心、南方电网电力调度控制中心联合组织开展相关工作，并发布交易结果，开展交易结 算。 康重庆分析，《方案》首次明确了由国家电网(北交/国调)、南方电网(广交/南网总调)联合开展交易组 织、发布与结算，打破两大电网体系在制度上的协同壁垒。 同时，该《方案》创新了市场交易模式，建立了绿色电力交易在全国范围的常态化交易机制。 证券时报记者韩忠楠 近日，国家发展改革委、国家能源局印发《关于跨电网经营区常态化电力交易机制方案的复函》(以下 简称《复函》)，明确今年将实现跨电网经营区交易常态化开市，有力支撑度夏期间电力保供，并探索 达成多年期绿电交易签约。 《复函》指出，国家电网公司、南方电网公司要在2025年迎峰度夏期间，依托跨电网常态化交易机制实 现电力资源优化配置，更好支撑电力保供。年底前，进一步统一市场规则、交易品种和交易时序，实现 跨电网交易常态化开市。 建设全国统一电力市场体系是深化电力体制改革、构建全国统一大市场的重要任务。 清华大学电机系教授、系主任康重庆表示，《跨电网经营区常态化电力交易机制方案》(以下 ...

Core Viewpoint - The article discusses the approval of a new cross-grid electricity trading mechanism in China, which aims to enhance the efficiency of electricity distribution from renewable sources across different regions, particularly from the northwest to the eastern load centers [2][3]. Summary by Sections Cross-Grid Electricity Trading Mechanism - The National Development and Reform Commission and the National Energy Administration have approved a new trading mechanism that allows for long-term, green, and spot electricity trading across different grid operating areas [2][3]. - This mechanism is a significant step towards breaking down barriers between the State Grid and Southern Grid, facilitating better resource allocation nationwide [3]. Current Infrastructure and Transactions - Currently, there are two established interconnection channels between the State Grid and Southern Grid, with ongoing construction of additional channels [5]. - In 2023, pilot cross-regional electricity transactions have already taken place, including significant transfers of green electricity to major cities [6]. Trading Rules and Structure - The new mechanism outlines various trading rules for different types of electricity transactions, including long-term, green, and spot trading [7][8]. - It introduces a "two trading, two scheduling" model, which involves collaboration between multiple trading centers to ensure technical feasibility under physical constraints of the grid [7]. Green Electricity Trading - The mechanism emphasizes green electricity trading, allowing companies to purchase renewable energy more easily and market-driven [11][12]. - Specific rules for green electricity transactions include entry conditions, trading methods, and the transfer of green certificates [11][13]. Future Goals and Developments - The plan sets short-term, medium-term, and long-term goals, including pilot projects for electricity trading and green electricity transactions by 2025 [9]. - It aims to enhance the utilization of transmission channels and balance demand across the grid, addressing the needs of high-energy-consuming industries [9][14]. Market Dynamics and Challenges - The article highlights the increasing demand for green electricity driven by national policies and global trends towards decarbonization [11][12]. - Challenges include price formation mechanisms and the need for a transparent green certificate market to facilitate trading [14].

Core Viewpoint - The establishment of a nationwide unified electricity market system in China marks a significant transformation in the allocation of electricity resources, enhancing market efficiency and supporting the country's energy transition goals [1][5]. Market Mechanism and Structure - The basic market mechanism has been established, with a unified "1+N" rule system being developed, including long-term, spot, green electricity, and green certificate trading rules [1][2]. - A multi-level market framework has formed, covering various regions and timeframes, and including different trading products such as electricity and ancillary services [2][3]. Market Growth and Transactions - The scale of market transactions has seen substantial growth, with cross-provincial market transactions expected to reach 1.4 trillion kilowatt-hours in 2024, a tenfold increase since 2016 [2][4]. - The total market transaction volume increased from 1.1 trillion kilowatt-hours in 2016 to 6.2 trillion kilowatt-hours [2]. Regional Market Developments - The construction of provincial electricity spot markets has accelerated, with 22 regions now covered, and several provinces transitioning to formal operations [3][4]. - The Southern Regional Electricity Market has achieved significant milestones, moving towards a unified market and competitive bidding [3]. Cross-Regional Trading Mechanisms - A breakthrough in cross-regional electricity trading has been achieved, with normalized operations between the State Grid and Southern Grid, marking a key advancement in the unified electricity market [4]. - By 2024, market-based electricity transactions are projected to account for 63% of total electricity consumption, highlighting the growing role of market mechanisms in resource allocation [4][5]. Integration of Renewable Energy - The integration of renewable energy into the electricity market is accelerating, with market transactions for renewable energy expected to exceed 1 trillion kilowatt-hours in 2024 [5]. - The unified electricity market system is crucial for supporting China's energy structure transformation and achieving carbon neutrality goals [5].

Group 1 - The construction of the electricity market is steadily advancing, achieving significant breakthroughs, but still faces new challenges that require collaboration among government, industry, enterprises, and society [1] - There is a need to strengthen confidence in electricity market construction and promote near-complete coverage of the electricity spot market [1] - The rapid increase in the proportion of renewable energy installations is leading to profound changes in the operation of the electricity system and market, necessitating deeper reforms in the electricity system [1] Group 2 - The establishment of a national unified electricity market is crucial for the future of the energy industry and has far-reaching implications for high-quality economic and social development [2] - Strengthening top-level design and improving market rules and policy systems are essential for building a unified electricity market [2] - Enhancing technological innovation and improving the intelligence level of the power grid are necessary for the development of the electricity market [2]